Christie (Christie s) held in May this year s auction in Hong Kong, as one under the buyers to more than 6 million Hong Kong dollars when a 101.27 carat of diamond size, table tennis,small business grants many Asian wealth management professionals seem relieved.
The jewelry auction sold for over $ 60 million, which is the largest ever organized in Christie s auction.
Although there has concerns over the impact of credit crisis and the plunge in the share price increased, but the rich still seem to have the financial means to over-save.
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A long time, Asians have been on the consumption of luxury goods and fancy rich for the bright lights.
The World Gold Council (World Gold Council),small business grants for women the grants for small business owners third quarter of this year, only India consumption of 250 tonnes of gold, worth about $ 5 billion, representing an almost one-third in 2007.
As we all know, Hong Kong is the Rolls Royce (Rolls-Royce) car the most concentrated areas, investable assets of over US $ 1 million families in the region is the most dense.
Barclays wealth (Barclays Wealth) and the Economist Intelligence Unit, (Economist Intelligence Unit) study found that in 2007, the 26.4% family in Hong Kong to invest more than US $ 1 million.
The report predicts that by 2017, this will rise to 39.4%.
But by then, Hong Kong s long-term rival Singapore will occupy the first throne, has assets of $ 1 million dollars or more families will reach 40.7%.
Barclays small business grants latest data suggest that now has 7 States family of investable wealth meet or exceed the $ 1 million more than 1 million households. Only one in Asia: Japan.
By 2017, to 12 countries or areas government grants for small business into list, Australia, and Taiwan, and Korea will appear on the list. China now has $ 2.2wangebaiwan domestic, by 2017 to reach 40,900.
It was on the premise of these projections are accurate. As 2008 draws to a close, global recession appears to have close at hand, if you had expressed reservations about some of these forecasts, it is perhaps understandable.
Luxury goods sales start – even the day package manufacturers in Asia seems to be difficult.
Asian stock markets have plunged. So far this year, most market declines between 50% per cent in Asia. Analysis on the distribution of rich people in the region, largely based on 2007 data.
Even so, it is worth remembering, Japan s stock market peaked in the late 80, and since then has evaporated in the market value of about three-fourths.
However, although there has been talk of Japan "lost years" and its moribund financial system, but Japan remained the world s second-largest economy. According to the Boston Consulting Group (free small business grants Boston Consulting Group) annual World wealth report, management $ 25.5 trillion in personal assets in Asia, about half are concentrated in Japan.
Economic miracle has created federal grants for small business enormous wealth, Japan still has a lot of millionaires.
However, the Boston Consulting Group, said Japan s wealth management market, despite the scale, but still "relatively immature, and are difficult to access."
Boston Consulting Group, said Japan has a large population of assets between $ 1 million to 5 million, 71,000 families with assets of more than this number, but "their investment demand did not mature as their wealth. ”
China personal wealth management could smaller--2007 is about US $ 3.2 trillion, far less than the Japan US $ 12.5 trillion – but the development of faster. From 2002 to 2007, the compound annual growth rate of China s personal wealth management is 25%. According to data from the Boston Consulting Group, Japan is 3% with the same period.
However, France consulting firm Capgemini (Capgemini), and United States investment bank Merrill Lynch (Merrill Lynch) the latest annual report on the global financial (World Wealth report) showed that, in relation to the number of millionaires, and India is a percentage of the fastest growing markets. (Merrill Lynch is one of the victims of the subprime mortgage crisis, which has now been United States Bank (Bank of America) purchases. ）
Capgemini and Merrill Lynch, said the 2007, million US $ 6% over the number of billionaires in the world, to 10.1 million. In the Asia-Pacific region, a 8.7% increase in that figure, to 2.8 million, total assets grew by 12.5%, to us $ 9.5 trillion.
India is the number of million-dollar millionaires in the world s fastest-growing market, an increase of 22.7%, up to 123,000 people, followed by China, representing an increase of 20.3%government grants for small business, to 415,000 people.
Taking into account the growth in 2007 and 2008, the global environment become soft, Cap Gemini forecast that by 2012, should reach US $ 13.9 trillion of wealth of the million-dollar millionaires in Asia Pacific, annual growth rate of 7.9%.
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The company said: "the Asia-Pacific region will replace the European, as the world s second-largest market for high net worth individual wealth. ”
